The merger of social media, streaming platforms, wagering and competitive video gaming has provided a robust marketplace for investors, companies and traditional sports teams. However, as with any innovative disruptive force, legal and regulatory uncertainty and challenges continually arise. The Esports, Sports Technology & Wagering team at Stinson is uniquely positioned to provide clients with informed and reliable guidance in these specialized industries.
ESPORTS, SPORTS TECHNOLOGY & WAGERING
Our Stinson team is uniquely qualified to address the complex and dynamic needs of our Esports, Sports Technology & Wagering clients. We offer the experience necessary to provide full-service legal counsel to stakeholders throughout the esports ecosystem, including mobile gamers, leagues, franchise owners, broadcasters, advertisers, publishers, agencies and promoters, distributors, sponsors, investors, banks and other leading corporations and individuals.
In addition to our esports proficiencies, we are well equipped to assist sports technology businesses. Our team has provided guidance to companies throughout the sports technology spectrum, including those utilizing augmented reality, biometric data and blockchain.
The Stinson Esports, Sports Technology & Wagering team is passionate about our clients’ businesses and we are able to provide critical insight and guidance – both traditional and emerging.
BETTING, GAMING INTEGRITY & FANTASY SPORTS
As more states enact laws surrounding legalized sports betting and daily fantasy sports (DFS), the Stinson team offers guidance on compliance in all facets of gaming laws, including the Travel Act, the Federal Wire Act, the Unlawful Internet Gambling Enforcement Act and the Indian Gaming Regulatory Act.
Moreover, since the passage of the Unlawful Internet Gambling Enforcement Act of 2006 (UIGEA), the rise of DFS has been quick but tumultuous. States across the country have interpreted certain DFS platforms against the backdrop of UIGEA and other state and federal gambling laws. Thus, it is critical to have legal advisors who are up-to-date on attorney general opinions and legislation throughout the U.S. that regulate or prohibit DFS to minimize risk exposure.
The Stinson Esports, Sports Technology & Wagering team can assist with the following legal needs:
Funding / Securities
- Family and friend's investors / seed capital
- Angel investors
- Commercial lending and traditional financing
- Venture capital, including introductions to venture capital investors, financial institutions, accelerator programs and alternative financing sources
Labor / Employment / Immigration
- Employment agreements
- Appearance contracts
- Immigration visas
- Online streaming rights and brand management
- Advertising, promotions and sponsorships
- Patent and trademark protections
- Licensing agreements
- Joint ventures and strategic partnerships
- Mergers and acquisitions
- Data security, privacy and information governance
- League participation agreements
- Wagering and betting compliance opinions
- Investigations and enforcement
- Business and tax structuring
News & Insights
- In the News07.09.2020
At the Corners Newsletter
At the Corners Newsletter
The sports marketplace has permanently changed, and Stinson is prepared to help you navigate these news challenges. Our new quarterly publication, At the Corners, will discuss relevant topics for you to stay in the game when it comes to esports, sports technology and wagering.
Daily Fantasy Sports received a victory from the Illinois Supreme Court in April when the Court ruled that Daily Fantasy Sports is a game of skill instead of gambling. The Court, relying on the "predominate factor test," determined that Daily Fantasy Sports requires a participant's use of knowledge of statistics and the relevant sport, and is therefore not gambling. This victory for Daily Fantasy Sports players continues the nationwide trend toward legalizing sports gambling.
In 2010, the NFL and the NFLPA entered into a widely praised collective bargaining agreement. That collective bargaining agreement, however, was notably absent of revenue opportunities tied to player data. The recent iteration of the collective bargaining agreement shows the rising value of athlete data, and the expansion from the locker room to broadcast partners and sportsbooks.
The Federal Wire Act was enacted in the 1960's as President Kennedy sought to curb organized crime. In the age of the internet, this antiquated law serves as a significant hurdle to the expansion of legalized sports wagering.
If you would like to receive more information on these and other Esports, Sports Technology & Wagering topics, please subscribe to our quarterly At the Corners newsletter.